After grabbing 1.3 million shares, the institutional investor is now in possession of 1.3 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.75% having worth around $10.2 million. Moreover, Renaissance Technologies LLC increased its share by 93333.0 to have a control over 0.48 million shares. And Two Sigma Investments LP raised its holdings to 0.41 million shares by acquiring 0.41 million shares or 0.24% of the stake.
Braskem S.A. (BAK) concluded trading on 05/25/23 at a closing price of $9.06, with 1.18 million shares of worth about $10.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.96% during that period and on Thursday the price saw a loss of about -5.62%. Currently the company’s common shares owned by public are about 398.27M shares, out of which, 101.75M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the BAK stock and their offered price forecasts bring an average price target of $12.48. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $19.18 and could fall to a lowest price of $4.63. The stock’s current price level is 22.37% above of average price target set by the analysts, while a rise to estimated low would result in loss of -95.68% for the stock. However, touching the estimated high of $19.18 would mean a gain of 52.76% for the stock.
DFA Emerging Markets Core Equity, Vanguard Emerging Markets Stock I, and SPDR Portfolio Emerging Markets E are the top 3 mutual funds which are holding stakes in Braskem S.A. DFA Emerging Markets Core Equity is currently holding 0.45 million shares of worth totaling $3.58 million. The company recently came buying 0.0 shares which brought its stake up to 0.26% of the company’s outstanding shares. SPDR Portfolio Emerging Markets E, after buying 0.19 million shares, have now control over 0.11% of the stake in the company. It holds 0.0 shares of worth $1.5 million.
Braskem S.A. (NYSE: BAK) started trading at $9.58, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 9.61, or with a loss of -5.62%. Stock saw a price change of -2.89% in past 5 days and over the past one month there was a price change of 21.12%. Year-to-date (YTD), BAK shares are showing a performance of -1.52% which decreased to -50.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.26 but also hit the highest price of $19.64 during that period. The average intraday trading volume for Braskem S.A. shares is 1.20 million. The stock is currently trading -0.03% below its 20-day simple moving average (SMA20), while that difference is up 11.15% for SMA50 and it goes to -8.48% lower than SMA200.
NFJ Investment Group LLC acquired 1.3 million shares of Braskem S.A. having value of about $10.2 million. Braskem S.A. (NYSE: BAK) currently have 398.27M outstanding shares and institutions hold larger chunk of about 1.60% of that. Holding of mutual funds in the company is about 0.97% while other institutional holders and individual stake holders have control over 2.16% and — of the stake respectively.
The stock has a current market capitalization of $3.58B and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$2.04 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 6.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BAK, volatility over the week remained 4.34% while standing at 8.20% over the month.
Analysts are in expectations that Braskem S.A. (BAK) stock would likely to be making an EPS of -$0.43 in the current quarter, while forecast for next quarter EPS is -$0.16 and it is $0.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.43 which is -$0.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.87 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -102.40% while it is estimated to increase by 146.50% in next year. EPS is likely to grow at an annualized rate of 9.70% for next 5-years, compared to annual growth of -15.80% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Braskem S.A. (BAK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 10 Wall Street analysts, 5 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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